Think All Policies Are the Same? (Part 7)
It’s been a while since I added to my list of examples of subtle but possibly significant differences between insurance policies of the same type issued by different insurers. This…
News
Can Someone Who Doesn’t Own the Home Be a Named Insured on a Homeowners Policy?
Question from a Big I NY member: “We had an insured who called yesterday to add her boyfriend/domestic partner to her homeowners policy as a named insured. My first reaction…
Kemper To Rescind Retroactive Cancellation Thanks to Big I NY Advocacy
Important Update from President & CEO, Lisa Lounsbury Last week, Kemper Insurance notified many agents that their producer and agency agreements were terminated, retroactive to October 1, 2023. Big I NY immediately…
Did the FTC Just Ban Noncompetes? Not So Fast
What Happened? Yesterday, the Federal Trade Commission (FTC) sent shockwaves through the employer community with the announcement of a nationwide ban on noncompete agreements. The controversial and highly-publicized regulation was…
The ONE Reason You Should Support IAPAC
Contributing to the Independent Agents Political Action Committee (IAPAC) is one of the most impactful things you can do for the profession that you love. It all comes down to…
How Insurance Producers Get Penalized By NYS DFS
The latest insurance disciplinary action report from the New York State Department of Financial Services is out. As usual, it contains interesting information about what DFS is focusing its enforcement efforts on.…
Big I New York Awarded Maurice Herndon Award
Wednesday, during the Big “I” Legislative Breakfast, Charles Symington, Big “I” President & CEO, presented Big I New York with the 2023 Maurice Herndon Award. The Maurice Herndon award is…
Big I NY Advocacy Leads to Kemper Commission Reinstatement
In response to Big I New York’s advocacy work, Kemper Personal Insurance will retroactively reinstate old commission levels for business its agents have produced since last fall. Big I New…
The NJ Earthquake: Answers To Clients’ Insurance Questions
A magnitude 4.8 earthquake centered west of Manhattan struck the northeastern U.S. this morning. We at Big I New York hope that all of you, your families, friends, and clients are safe…
NYS DFS Proposes Auto Photo Inspection Reg Changes
Reacting to Big I New York’s successful effort last year to make the automobile photo inspection requirement optional, the New York State Department of Financial Services has proposed a major amendment to the regulation…
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